Tuesday, 26 April 2011
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Silver prices decline 7% in a day
Open interest falls nearly 20 per cent on profit booking. Silver prices crashed by Rs 5,150 a kg in Mumbai market after rising to an all-time high yesterday on profit booking. Even in futures market, there was heavy profit booking as the contract will expire next week. Open interest fell nearly 20 per cent in a day showing the extent of profit booking. Silver in the spot market declined 6.86 per
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